Audit of the accounts of the sole-proprietor is not compulsory. However, he may get his books of
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“Audit of the accounts of the sole-proprietor is not compulsory. However, he may get his books of accounts audited for various reasons”.—Discuss.
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An audit simply refers to an official inspection of an organizations financial affairs often conducted by an independent body Soleproprietorship is a ...View the full answer
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